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Treasury plan to deal with Kenya’s debt crisis by 2026
Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u at Kenyatta International Convention Centre. FILE PHOTO | DENNIS ONSONGO | NMG
The National Treasury says the government will need upto 2026 to dispense with huge debt repayments and calibrate Kenya’s economy back to a sustainable path.
As a result, in the 2023 Medium Term Debt Strategy, Treasury CS Professor Njuguna Ndung’u has proposed that the government must immediately tame its borrowing appetite, regretting that even the loans limit of Sh720.1 billion for the Financial Year 2023/24 had veered off the path to sustainability.
